On December 30, 2022, Novogradac updated its Privacy Policy. You should review this updated Privacy Policy before continuing to use our site. By continuing to use our site after December 30, 2022, you agree to the changes in the Privacy Policy.
Maryland to Open Another Round of OZ Microgrant Funding
Maryland Gov. Larry Hogan announced today that the third round of opportunity zone (OZ) microgrant funding will open Tuesday, allowing certain small businesses that seek to expand in OZs to apply for grants ranging from $50,000 to $100,000. Eligible businesses must be in an OZ and have secured a matching contribution equal to or greater than the grant request, have between two and 50 employees, generate annual revenue between $300,000 and $5 million and be in good standing with the state department of assessments and taxation. The first two rounds of OZ microgrants have invested $1 million in 20 businesses.
Stay on top of OZ news and expert analysis with a subscription to the Novogradac Journal of Tax Credits.